The Bailouts for the Rich Are Why America Is So Screwed Right Now
Did they prevent a full-scale collapse? Yes. Was it necessary to do it the way we did? Not at all.… Read More The Bailouts for the Rich Are Why America Is So Screwed Right Now
Category: Faux Recovery
Taibbi: Ten Years After the Crash, We’ve Learned Nothing
The great financial catastrophe of our times is still badly misunderstood, and led to grotesque consequences, including the election of Donald Trump… Read More Taibbi: Ten Years After the Crash, We’ve Learned Nothing
What Caused the Crash of 2008 Is Now Shaping Our Post-modern 1930s
Ten years on, the crisis unleashed in Wall Street in 2008 is still with us… Read More What Caused the Crash of 2008 Is Now Shaping Our Post-modern 1930s
The Emerging Market Crisis is Back. And This Time It’s Serious
The damage is far more widespread… Read More The Emerging Market Crisis is Back. And This Time It’s Serious
Turkey’s Debt & Currency Crisis Morphs into Financial Crisis as Banks Face Funding Squeeze
“Substantial Increase in the Risk of a Downside Scenario”: Moody’s… Read More Turkey’s Debt & Currency Crisis Morphs into Financial Crisis as Banks Face Funding Squeeze
You Should Fear the Emerging Market Debt Bubble
In today’s world of financial globalization, any remote crisis can become an international problem in seconds. That’s the reality of today’s markets.… Read More You Should Fear the Emerging Market Debt Bubble
Deutsche Bank and Citigroup Bleed More Equity: The Reason Why Should Concern Us All
Problems at Deutsche could spill over onto big Wall Street banks like Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America and Goldman Sachs, which just happen to be where derivatives are deeply concentrated in the U.S.… Read More Deutsche Bank and Citigroup Bleed More Equity: The Reason Why Should Concern Us All
Beware the Dog Days of August
Why the Federal Reserve is as much to blame for Turkey’s economic crisis as Donald Trump… Read More Beware the Dog Days of August
ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge
Turkish lira in free-fall, down 18% in two days… Read More ECB Fears Contagion from Turkish Lira Collapse, Bank Stocks Plunge
The Eurozone’s “Doom Loop” Re-Grips Italian Banks
Old bad habits die hard: The dangerous relationship of mutual dependence between governments and banks… Read More The Eurozone’s “Doom Loop” Re-Grips Italian Banks
Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets
Too little, too late?… Read More Turkish Banks Scramble to Stave Off Debt Crisis, as Lira Plummets
UK “Housing Downturn” Pushes Biggest Real-Estate Agency with 10,000 Employees to Brink, Shares Collapse
Blamed: political and economic uncertainty, Brexit, and the very measures designed to tamp down on London’s housing bubble. … Read More UK “Housing Downturn” Pushes Biggest Real-Estate Agency with 10,000 Employees to Brink, Shares Collapse
